Gold coinage and its use in the post-roman west

Abstract

One of the most tangible sets of changes associated with the fall of the Western Roman Empire was that which affected the monetary system. By AD 600 the multi-tiered late Roman currency had shrivelled to a shadow of its former self. Copper-alloy issues, which for most of the populace had been the principal coins utilized on a day-to-day basis, were effectively gone, as were those in silver. Little local production of unofficial coin to plug this gap took place (as had happened in the third-century West, and parts of the fifth-century East), suggesting a genuine collapse of the mechanisms which had supported small-scale monetized exchange. This slump forms part of a wider picture of drastic simplification in exchange and economy, the pace and extent of which varied province to province

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